WebTeb closes a $3.2M series C round led by Sadara Ventures

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Arabic health and lifestyle portal,
WebTeb, announced today that it has closed a $3.2M Series C
investment round led by Sadara
Ventures. Existing WebTeb investors, Siraj Palestine Fund, also participated
in the round.

It is one year since the companyclosed
its round B of funding, with an unrevealed
amount from Siraj Palestine fund. This year, not only did WebTeb
attract the Sadara Ventures team, it also managed to sign deals
“under fire”, as negotiations and final agreements took place
during the war in Gaza. “There was always a fear of
having the investors say: let's hold on a bit and see how things
go," says Mahmoud Kaiyal, Founder and CEO of
WebTeb. "Fortunately, during the whole process they never
mentioned it and continued to believe in the company and the
market."

With operating offices in both Jordan and
Palestine, WebTeb has 18 inhouse employees so far and will be
launching its Dubai office in the next two to three
months. Additionally, the company reported its iOS app
had passed the 100,000-download mark within a month of launching. “Users
are engaging with the app and many are using it to find doctors and
call them,” says Kaiyal.

With a very large physician directory covering
the Arabic speaking market, WebTeb helps patients find doctors
based on their location. The company also reported healthy interest
in its core business, the webteb.com destination site. “Health and
pharmaceutical companies are beginning to allocate significant
advertising budgets to online channels," says Kalyal. "They are
focused on brand-safe opportunities and the ability to present
relevant content to their audiences."

For WebTeb the future is bright. “In general, we
feel great that we have succeeded in doing this so far," says
Kalyal. "We've managed to build a great team which is our most
important asset. The bottom line in my opinion is that if you want
to do big things you need to play by the rules and do it right.
Adopt the highest standards, no short-cuts, no copyrights
infringements, hire the right team (even if it'll cost more), use
the best technologies and don't try to do it all by
yourself."